Weekly Newsletter - Jan 3 2009

The much awaited stimulus package could provide more ammunition for the bulls to fire on all cylinders at least at start.

Thereafter the proceedings will hinge on the global cues. Stock specific events like a Satyam board meet and result expectations will keep bulls and bears active.

A run up in the last couple of days will also bring in some selling at higher levels. Use the upside to book some profits. Fresh money may be put in at lower levels.

The year 2008 has taught us many a lesson. Pays to remember some of them before taking a plunge.